... it involves a lot of uncertainty due to the geological complexity of the targets being explored, as well as a lot of risky capital. Taking these factors into account, the Company will need to expand its exploration function as well as its approaches to managing exploration projects in order to meet its lofty...

... circular economy sustainable development goal positive impact energy conservation upstream oil & gas value chain capital regenerative practice oil and gas consumption closing loop consumer natural system regeneration Introduction "…human activity brings about environmental changes...

... Portfolio analysis asset and portfolio management Artificial Intelligence Upstream Oil & Gas modeling portfolio variance project selection threshold portfolio process capital portfolio optimization constraint selection Implementation characterization Apache organizational alignment...

... deep cut Upstream Oil & Gas gas processing production monitoring Artificial Intelligence contract development best practice shallow cut Scenario risk management capital recovery configuration processing contract NGL recovery operator duvernay liquid rich shale scenario 3 type...

... of historical well performance. The type case estimates of expected ultimate recovery, initial production, and well costs were used to develop simplified models for reserves, production, and capital cost. The optimization model calculated portfolio metrics for net present value, capital, production, reserves...

... of the asset and is no longer hostage to local mean values and, more importantly, large standard deviations. Consequently, UR capital commitments differ from those of conventional opportunities. URs have much longer economic lives and require nearly continuous capital investment. URs provide management...

... method in the petroleum industry is to use corporate venture capital (VC) as a tool to gain access to world class technology. This paper covers a decade of Chevron venture capital experience, including justification for corporate VC investments, how success is measured, financial and strategic yield...

...: Saudi Arabian Offshore Operations operate a very large number of old pipelines for which intelligent scraping facilities have not been retrofitted. This upgrade requires very large capital expenditures and for that reason cannot be performed on every offshore line. To respond to the dilemma of either...

... good decisions about the allocation of constrained resources. Investment capital has traditionally been a constraint, yet today, human resources and specific physical resources, such as drilling rigs, may be more critical constraints. If the allocation decisions for each development were entirely...

... presume simulation method illustrated capital resolution society The issue Asset managers in the upstream petroleum industry must make decisions throughout the petroleum asset life cycle in the face of complex and evolving uncertainty. These decisions are usually constrained, or at least...

...PMP Overview Abstract Management teams across the globe have and will continue to bet on major capital projects to drive their companies' performance. Capital committed to these mega-projects has increased at a compounded average growth rate of over 12% over the last decade, and this trend...

... risk capital Upstream Oil & Gas major oil company producer service company oil company expertise operation leadership society of petroleum engineers exploration petroleum engineer company capital greenfield exploration NOC spe 103693 society MOC independent oil producer...

... product development society of petroleum engineers capital investment service industry innovation half-life corporate venture capital venture capital upstream oil & gas research and development petroleum engineer gas journal source company banking & finance society weighting...

... of suspected bias and quality issues. . selection conclusion probability underestimation data quality implication asset and portfolio management upstream oil & gas spe 90395 reoptimization portfolio analysis example 1 example 3 increment portfolio process capital example 2 society...

... application transition probability development opportunity portfolio optimization asset and portfolio management investment npv spe 90700 capital Introduction Allocating capital within an oil and gas company begins at the concept stage of an investment opportunity. Management must consider...

... Abstract While risk analysis and stochastic considerations are widely applied in the analysis of individual projects or wells, frequently this information is lost or misrepresented when data is rolled-up at a division or corporate level. Strategic plans or capital allocations based...

...), compressed natural gas (CNG), sub sea pipelines (PNG), gas-to-liquids (GTL), gas-to-wire (GTW), or gas-to-solids (GTS). Available data on capital, operating, and shipping costs for proposed, conceptual, and actual gas-transport projects are analyzed. These cost functions are then integrated into an economic...

..., the political uncertainty did not go away and somehow it had to be included in the economic analysis. J.B. instructs the acquisition team to handle political risk by adding an additional 15% to the opportunity cost of capital. Chris Engineer reruns the economic risk model per J.B.'s instructions...

... and contractors. Given the increasing level of risk exposure around Nexen Well Construction activities and the consequent impact on total corporate capital expenditure, the need was seen to develop a system to enable standardization and management of policies, procedures and guidelines as they pertained to Well...

... Abstract As the upstream E&P industry moves into riskier environments and the competition for capital becomes tighter there is an increasing push to carry out more sophisticated analysis that includes the effects of uncertainty and risk. Traditionally, much economic analysis has focused...